Microvast Holdings, Inc.

Microvast Holdings, Inc. announced it will issue a press release reporting its consolidated financial results for the second quarter of 2026 after market close on Monday, August 10, 2026. Following the release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time to discuss the results and outlook. The webcast will be available on the company's investor relations website.

Microvast Holdings, Inc. announced that its CEO and Chairman, Yang Wu, converted a $25.0 million convertible loan into common stock on May 28, 2026. This loan, previously disclosed and amended, was due on the same date. Additionally, Eric N. Garcia ceased his employment as Chief Accounting Officer on May 27, 2026.

Microvast Holdings reported its Q1 2026 financial results, with revenue decreasing 48.0% year-over-year to $60.6 million, primarily due to geopolitical dynamics and OEM platform delays. The company posted a GAAP net profit of $48.2 million but an adjusted net loss of $14.6 million, compared to an adjusted net profit in the prior year. Despite lower volumes, gross margin remained resilient at 31.6%, and the company is focused on strategic initiatives like the Huzhou Phase 3.2 expansion and the launch of new battery packs and e-powertrain solutions, anticipating a revenue recovery through 2026.

Microvast Holdings, Inc. reported a significant decline in its first-quarter 2026 financial results, alongside a disclosure raising substantial doubt about its ability to continue as a going concern. The company's revenue plummeted 48% year-over-year to $60.6 million, leading to an operating loss of $7.9 million compared to a profit in the prior year. While net profit was $48.2 million, this was primarily due to non-cash gains from changes in the fair value of warrant liability and convertible loans. The company also reported negative cash flow from operating activities and is pursuing operational funding and refinancing to address its financial challenges.

Microvast Holdings, Inc. announced it will issue a press release reporting its consolidated financial results for the first quarter of 2026 after market close on Monday, May 11, 2026. Following the earnings release, Microvast management will host a webcast and earnings conference call at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) to discuss the business results and outlook. The webcast will be available on the company's investor relations website.